Canadian Tire (TSE:CTC.A) Shares Pass Above 200-Day Moving Average of $138.17

Canadian Tire Co. Limited (TSE:CTC.A)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$138.17 and traded as high as C$153.00. Canadian Tire shares last traded at C$151.29, with a volume of 153,482 shares changing hands.

Analyst Upgrades and Downgrades

CTC.A has been the subject of a number of analyst reports. TD Securities upgraded Canadian Tire from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. Desjardins increased their target price on shares of Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Canadian Tire from C$150.00 to C$152.00 in a research report on Friday, May 10th. National Bankshares increased their price objective on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. Finally, CIBC boosted their target price on Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$147.11.

Canadian Tire Stock Down 0.2 %

The business’s 50 day simple moving average is C$140.57 and its 200 day simple moving average is C$138.17. The company has a market capitalization of C$7.90 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 186.00.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.